HUDSON COUNTY -- The race is on -- well, probably on hold for another year.

According to NJBiz, the Formula One Grand Prix race, slated for the streets of Weehawken and West New York, may be postponed for a third time. Rather than coming to the area in the summer of 2015, it may land only in 2016.

The story says: "As new rumors swirled that organizers had stumbled yet again, the owner of the proposed racing site told The Record on Thursday that there was 'no possibility' that the race would happen by next summer ... The comment to The Record by Carl Goldberg, of Mack-Cali Realty Corp.’s Roseland subsidiary, came after Formula One commercial chief Bernie Ecclestone reignited doubts about the New Jersey race. In a story published Thursday afternoon, Ecclestone told Forbes that 2015 was now off the table."